Harsh Reality of US Trade Deal Stirs EU Angst

European Union leaders are working through the consequences of their new trading arrangement with the US, and confronting the reality of just how far they have fallen.

The terms of the framework deal agreed on Sunday will mean a significant hit to European companies — the EU accepted a tripling of tariffs to 15% on most exports to the US and will keep its own levies on American goods to 1% or less once the pact goes into effect.